David Beard
David Beard
David Beardis an Australian volleyball player, who twice competed for the Men's National Team at the Summer Olympics: Sydney 2000 and Athens 2004...
bit companies data economic economy fed good means miss numbers weaker within
As long as the numbers are within expectations, it's going to be a win-win situation. If the economy is a little bit weaker than we think, that's good because that means the Fed will keep cutting. If the economic data is a little bit better than we think, that's good too because that means companies won't miss numbers.
buyers conviction depend economic eight expect fed growth interest lack last light maybe months outlook people picks question raising sell selling seven six somewhat start stocks stops tells terms three until volume
Really, I expect the light volume to probably last until the Fed stops raising interest rates, and that will kind of depend on the economic outlook that we see, in terms of how much growth we have at the end of this interest-rate cycle. It really tells me that there is a lack of conviction from the buyers and a lack of conviction from the sellers, ... And it's somewhat psychological because people have their stocks, they're down, they don't want to sell them. And that's only been going on for, what, two or three months now? The real question is, after six or seven or eight months and stocks are still down -- will people start selling at that point? And maybe the volume picks up at that point.
best biggest finally forget happens last worst
The biggest of the big are finally capitulating. Usually that's what happens -- the biggest of the best are the last to go down. But don't forget the worst of the worst are down 90 percent.
best biggest finally forget happens last worst
The biggest of the big are finally capitulating, ... Usually that's what happens -- the biggest of the best are the last to go down. But don't forget the worst of the worst are down 90 percent.
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It's important for undergraduate students to learn to write for real audiences doing real work, and not just for an instructor who is going to grade them. I'm excited that the university is interested in this kind of collaboration.
As you may know, they're also in the Dow as well,
difficult hands
Even for a professional, it's difficult to get your hands around the information. It's difficult for everyone.
backward data earnings economic forward people
Earnings warnings are backward looking; economic data are forward looking. People want to look forward.
actual buy cheap combine guidance high numbers ok quarter stocks tech tend weak
You have to take the actual numbers and the guidance and combine the two. I tend to think if the high p/e (price-to-earnings ratio) stocks have a weak quarter, and even if they have ok guidance, they're going to get killed. But if there are cheap tech stocks that have a weak quarter and so-so guidance, they're probably the ones to buy first.
early high looking people price pricing sales stock trade
We think pricing is going to be up in mid-single digits as early as June. People are not really looking at this at all. And historically, if you look at a price to sales multiple, this stock can trade as high as $40-to-$50 (per share),
bad message sending
This is really sending a bad message to the public.
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And then Lamar -- it's a billboard company. It's all in small markets. Their business has been turning and coming back and it's trading at 15 times free cash flow, ... We think it's worth $20 (per share) and can get taken up between $60 and $70 a share ... You're starting to see the rebound in advertising. The billboard business, for them, continues to be pretty steady and it's rebounding. So, it's more specific for Lamar but the industry is performing better.
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That showed us that we can win and that people would now respect us.
bottom continued fears high market multiple people pressure quarter seeing selling trying worried
You're still seeing people like Compaq worried about the quarter so you're seeing more pressure on high multiple stocks. The market is still trying to find a bottom but selling on continued fears of warnings.